REGISTERED NUMBER: 07701643 (England and Wales)

Financial Statements

for the Year Ended 31 July 2025

for

CORDEN ASSIST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A P Cerilli

N I Findlay

B A W Jones

E J Stowell

REGISTERED OFFICE:

5 College Mews

Off St. Ann's Hill

Wandsworth

London

SW18 2SJ

REGISTERED NUMBER:

07701643 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

23,121

22,469

Investments

6

-

50

23,121

22,519

CURRENT ASSETS

Debtors

7

201,877

243,635

Cash at bank and in hand

228,417

267,544

430,294

511,179

CREDITORS

Amounts falling due within one year

8

(422,270

)

(386,240

)

NET CURRENT ASSETS

8,024

124,939

TOTAL ASSETS LESS CURRENT LIABILITIES

31,145

147,458

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

11

31,144

147,457

SHAREHOLDERS' FUNDS

31,145

147,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

N I Findlay - Director

1.	STATUTORY INFORMATION

Corden Assist Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

Straight line over 3 years

Motor vehicles

-

25% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 147 (2024 - 155 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 August 2024

and 31 July 2025

380,323

AMORTISATION

At 1 August 2024

and 31 July 2025

380,323

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 August 2024

68,456

95,823

164,279

Additions

18,379

-

18,379

Disposals

(49,324

)

(43,441

)

(92,765

)

At 31 July 2025

37,511

52,382

89,893

DEPRECIATION

At 1 August 2024

63,661

78,149

141,810

Charge for year

7,100

4,418

11,518

Eliminated on disposal

(48,913

)

(37,643

)

(86,556

)

At 31 July 2025

21,848

44,924

66,772

NET BOOK VALUE

At 31 July 2025

15,663

7,458

23,121

At 31 July 2024

4,795

17,674

22,469

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 August 2024

50

Disposals

(50

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

50

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

178,700

183,952

Other debtors

23,177

59,683

201,877

243,635

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade creditors

35,192

69,304

Taxation and social security

116,987

85,194

Other creditors

270,091

231,742

422,270

386,240

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.7.25

31.7.24

£

£

Within one year

38,190

10,217

Between one and five years

125,661

-

163,851

10,217

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

1,000

A Shares

£0.00

1

1

1

11.

RESERVES

Retained

earnings

£

At 1 August 2024

147,457

Profit for the year

144,509

Dividends

(43,012

)

Gift to EOT

(217,810

)

At 31 July 2025

31,144

12.	RELATED PARTY NOTE

During the year the company disposed of its 50% shareholding in Live in Personnel Limited. At the year end the company owed £nil to Live in Personnel Limited (2024 - £50).

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Corden Assist Trust Limited.

14.	SHARE-BASED PAYMENT TRANSACTIONS

EMI options were issued on 6 June 2025 in respect of 220 Ordinary shares with an exercise price of £0.001 per share.